Fourplex Investment
For Sale
$1,074,000
1821 NW 33rd St, Miami, FL 33142
Fourplex for sale with four 1BR/1BA units, individual electric meters, central A/C, and large private parking.
Property Size3,042 SF
Price / SF$353.06
Days on Market291
Property Features for 1821 NW 33rd St
General Information
Standard status
Active
Size
3,042 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Melrose
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,991
Building Details
Building Size
3,042 SF
Year Built
1925
Listing Agency:
All Hud Realty and Management,
Listed By:
Lourdes Muro · License #3166059
(239) 703-0474
Source:
Allyandaj
Added: Jan 12
Changed: Oct 25
Last Checked: Oct 28 at 1:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All Hud Realty and Management,
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex investment property includes four separate 1BR/1BA units. Each unit has its own electric meter, and all units feature central A/C. The property also offers large private parking for residents.
The seller’s remarks indicate short- and long-term rental flexibility, with Airbnb permitted by warrant.
Located at 1821 Northwest 33rd Street in Miami, the property is presented as turn-key for immediate ownership.
The seller’s remarks indicate short- and long-term rental flexibility, with Airbnb permitted by warrant.
Located at 1821 Northwest 33rd Street in Miami, the property is presented as turn-key for immediate ownership.
Key Highlights
- 1925‑built fourplex with four 1BR/1BA units
- Each unit has an individual electric meter
- All units include central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,009
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,180
$1.2M
Cap Rate 7%
$871,557
$871.6K
Cap Rate 9%
$677,878
$677.9K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$93.1K $30.60/SF
− Vacancy
−$5.9K −$1.95/SF
EGI
$87.2K $28.65/SF
− OpEx
−$26.1K −$8.60/SF
NOI
$61.0K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,180
Cap Rate 7%
$871,557
Cap Rate 9%
$677,878
Alternative Uses
Best Use
Multifamily LT 5
$871.6K
$762.6K – $1.02M
NOI $61,009 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$802.8K
$702.5K – $936.6K
NOI $56,196 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,736 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex for sale with four 1BR/1BA units, individual electric meters, central A/C, and large private parking.
Where is this quadplex located?
The property is located at 1821 NW 33rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,074,000.
What are key features of this property?
This property features: 1925‑built fourplex with four 1BR/1BA units; Each unit has an individual electric meter; All units include central A/C
